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F ed e r a l r e s e r v e Ba n k OF DALLAS Dallas, Texas, August 2, 1954 C O N D IT IO N OF MEMBER BANKS, JUNE 30, 1954 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks in the Eleventh Federal Reserve District: On June 30, 1954, the totals of principal assets and liabilities o f member banks in the Eleventh Federal Reserve District were well above comparable year-earlier amounts. Loans rose to a record level at midyear. Investments and deposits, although showing increases during the 12 months, were less on June 30 than the record totals o f December 31, 1953. In more recent months, between April 15 and June 30, the principal balance sheet items also showed increases. Results for the year ended June 30 and changes since April 15 are reflected in the consolidated statements of condition pre sented on the reverse of this letter. Loans o f member banks in the District increased $307,468,000 during the 12 months ended June 30, rising to a record total o f $3,190,907,000. Most o f the expansion, or $253,505,000, occurred in loans directly guaranteed by the Commodity Credit Corporation, with both reserve city and country member banks adding substantially to their holdings of CCC paper. Other notable increases included $42,919,000 in commercial and industrial loans, $14,730,000 in loans secured by real estate other than farm land and residential properties, and $10,428,000 in consumer-type credits. Nonguaranteed loans to farmers declined $23,568,000. Between April 15 and June 30, loans rose $44,123,000. Country member banks accounted for more than one-half o f the increase, with most of'thelbah expansion at these banks reflecting demand fo r nonguaranteed agricultural credits and for business-type borrowings. Member bank loans to consumers and loans on real estate also rose during this recent period, principally because of increases at reserve city member banks. Member banks added $63,163,000 to their holdings of Government securities during the year ended June 30 and increased their investments in municipal and other non-Government issues in the amount o f $35,861,000. About one-half of the expansion in investment portfolios reflected net acqui sitions o f securities between April 15 and June 30. On the latter date, total investments amounted to $2,802,620,000, or 32 percent of total resources. Between mid-1953 and mid-1954, deposits of the District’s member banks rose $565,328,000 to a total o f $8,227,584,000. Deposits o f individuals, partnerships, and corporations accounted for more than one-half of the expansion as such demand deposits increased $176,518,000 and time deposits, $122,552,000. Interbank deposits also rose substantially. Between April 15 and June 30, member bank deposits increased $273,935,000, due principally to the expansion in deposits of banks but also including growth in the accounts of individuals and businesses. On June 30, total capital accounts of member banks in the Eleventh District amounted to $587,578,000, or $36,593,000 more than a year earlier and $6,647,000 larger than on April 15. Sincerely yours, WATROUS H. IRONS President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) COMPARATIVE STATEMENT OF CONDITION OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands o f dollars) Item Loans, including overdrafts____________ U. S. Government obligations, direct and guaranteed__________________________ Obligations of states and political sub divisions____________________________ I iT n P V G D P llV lT lP G TOTAL LOANS AND INVESTMENTS Cash and balances due from banks_____ TOTAL ASSETS_______ , ______________ Individual — Demand deposits_________ Individual — Time deposits__________ „ Deposits o f U. S. Government, including postal savings______________________ Deposits o f states and political sub divisions___ _________________________ Deposits of banks_____________________ Other deposits________________________ TOTAL DEPOSITS___________________ TOTAL CAPITAL ACCOUNTS_______ Borrowings from Federal Reserve Bank All other borrowings__________________ Ratio of loans to total deposits________ Ratio of cash and balances due from banks to total deposits______________ Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets)_________ Number of banks_____________________ June 30, 1954 April 15, 1954 June 30, 1953r 3,190,907 3,146,784 2,883,439 2,334,422 2,301,079 2,271,259 387,956 80,242 5,993,527 2,722,499 8,863,958 5,181,185 880,746 377,362 74,753 5,899,978 2,539,282 8,587,991 5,092,026 848,034 367,424 64,913 5,587,035 2,545,259 8,263,771 5,004,667 758,194 216,059 161,998 156,558 666,137 1,198,615 84,842 8,227,584 587,578 449 0 38.8% 712,639 1,063,530 75,422 7,953,649 580,931 0 0 39.6% 637,610 1,024,540 80,687 7,662,256 550,985 473 279 37.6% 33.1% 31.9% 33.2% 15.4% 637 15.5% 636 16.0% 635 r— Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS 1945, 1950-54 ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) June 30, Total Deposits Total Loans Total Investments Total Loans and Investments Total U . S. Gov. Secs. Total Capital Accounts 1945 1950 1951 1952 1953r 1954 4,933,955 6,393,189 6,626,367 7,370,121 7,662,256 8,227,584 921,048 2,062,161 2,420,237 2,648,569 2,883,439 3,190,907 2,523,365 2,604,037 2,428,316 2,680,629 2,703,596 2,802,620 3,444,413 4,666,198 4,848,553 5,329,198 5,587,035 5,993,527 2,386,686 2,274,896 2,045,383 2,278,406 2,271,259 2,334,422 245,669 403,312 453,235 505,772 550,985 587,578 r— Revised,
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